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Swiss National Bank makes CHF26 billion profit
2026-01-09
The Swiss National Bank (SNB) has once again made a high profit in 2025. The government and cantons will benefit accordingly. +Get the most important news from Switzerland in your inbox Specifically, according to provisional calculations, the SNB is reporting a profit of around CHF26 billion ($32.5 billion) for 2025. In 2024, it reported a …
Q3: Swiss GDP falls amid global slowdown, tariff shock
2025-11-17
The Swiss economy has felt the full impact of the introduction of 39% US tariffs in August and the slowdown in the global economy. An initial estimate shows a contraction in gross domestic product (GDP) from July to the end of September. +Get the most important news from Switzerland in your inbox GDP shrank by …
Swiss farmers downplay impact of US tariff deal
2025-11-16
The recent US tariff rate cut to 15% and the details of the framework trade agreement with Washington have raised questions about the consequences for the Swiss agricultural sector. But a senior Swiss Farmers’ Union official plays down the impact of the deal. +Get the most important news from Switzerland in your inbox The agreement …
Swiss Gruyère crowned world’s best cheese
2025-11-14
A Swiss Gruyère AOP cheese was crowned the world’s best cheese at the World Cheese Awards 2025, held this year in Bern, Switzerland. The prestigious international competition brought together more than 5,000 participants from 45 countries. +Get the most important news from Switzerland in your inbox The 18-month-old award-winning Gruyère comes from the Vorderfultigen cheese …
Swiss lawmakers moot transit tourism tax
2025-09-26
Swiss lawmakers are proposing a tax on foreigners who drive through the country en route to other destinations. The government warns of complex implementation and high costs, and one expert doubts the usefulness of the tax. +Get the most important news from Switzerland in your inbox Senators have had enough of private transit traffic clogging …
Starbucks announces store closures in Switzerland
2025-09-25
The US coffee chain Starbucks has announced store closures in Switzerland as part of its global cost-cutting measures. Locations with insufficient customer footfall or no economic prospects are affected. +Get the most important news from Switzerland in your inbox The company announced on Thursday that the aim is to focus its offering more strongly on …
Swisscom to relocate jobs to Holland and Latvia
2025-09-24
Swisscom intends to relocate certain IT development tasks from Switzerland to Rotterdam and Riga. This was confirmed by the telecoms provider on Wednesday at the request of the news agency AWP. +Get the most important news from Switzerland in your inbox According to a report by CH Media, 1,000 to 1,400 employees will be working …
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